Number of traders net-short has increased by 7.58% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OINZD
Number of traders net-short has increased by 7.58% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| NZD/USD | BULLISH | 49.88% | 50.12% |
-14.52% Daily -12.40% Weekly |
-1.39% Daily 7.58% Weekly |
-8.41% Daily -3.41% Weekly |
NZD/USD: Retail trader data shows 49.88% of traders are net-long with the ratio of traders short to long at 1.00 to 1. In fact, traders have remained net-short since Jun 10 when NZD/USD traded near 0.64, price has moved 0.32% higher since then. The number of traders net-long is 14.52% lower than yesterday and 12.40% lower from last week, while the number of traders net-short is 1.39% lower than yesterday and 7.58% higher from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests NZD/USD prices may continue to rise.
Our data shows traders are now net-short NZD/USD for the first time since Jun 10, 2022 when NZD/USD traded near 0.64. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.
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